If you are trying to build credit by using a credit card
If you are trying to build credit by using a credit card, each time you make a purchase with the credit card, deduct that amount from your checking account. That way, when your credit card bill is due, you will have enough to pay the credit card off in full. Kathy Lehner is going to start doing this. She plans on paying her credit card bill in full this month. How much does she owe with a 9% APR and the following transactions? (Round your answer to the nearest cent.)
| 31-day billing cycle | |||||||||
| 10/1 | Previous balance | $ 1,181 | |||||||
| 10/3 | Credit | $ | 62 | cr. | |||||
| 10/12 | Charge: King Soopers | $ | 165 | ||||||
| 10/15 | Payment | $ | 480 | cr. | |||||
| 10/25 | Charge: Delta | $ | 338 | ||||||
| 10/30 | Charge: Holiday Fun | $ | 78 | ||||||
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If you are trying to build credit by using a credit card, each time you make...
If you are trying to build credit by using a credit card, each time you make a purchase with the credit card, deduct that amount from your checking account. That way, when your credit card bill is due, you will have enough to pay the credit card off in full. Kathy Lehner is going to start doing this. She plans on paying her credit card bill in full this month. How much does she owe with a 9% APR and...
if you are trying to build credit by using a credit card eah time you make a purchase with the credit card deduct that a...
if you are trying to build credit by using a credit
card eah time you make a purchase with the credit card deduct that
amount from your checking account that way when your credit card is
due you will have enough to pay the credit card off in full Kathy
lehner is going to start doing this.she plans on paying her credit
card bill in full this month.Hpw much does she owe with a 12% APR
and the following transactions...
If you are trying to build credit by using a credit card each time you make...
If you are trying to build credit by using a credit card each time you make a purchase with a credit card, deduct that amount from your checking account. that way when you your credit card bill is due you will have enough to pay the credit card in full. Kathy Lehner is going to start doing this. She plans on paying her credit card bill in full this month. How much does she owe with a 12% APR and...
Calculate the average daily balance and finance charge. (Round your answers to the nearest cent.) $ 1,000 30-day b...
Calculate the average daily balance and finance charge. (Round your answers to the nearest cent.) $ 1,000 30-day billing cycle Billing date Previous balance Payment Charge: Home Depot Payment 9/16 9/19 9/30 10/3 $ 50 CE 1,000 50 r. 10/7 Cash advance 60 . Finance charge is 1% on average daily balance. Average daily balance Finance charge If you are trying to build credit by using a credit card, each time you make a purchase with the credit card, deduct...
Cody Lind’s most recent credit card statement follows. His finance charge is 18% APR. Calculate Cody’s...
Cody Lind’s most recent credit card statement follows. His finance charge is 18% APR. Calculate Cody’s average daily balance, finance charge and new balance. (Round your final answers to the nearest cent.) 30-day billing cycle 9/2 Billing date $1,090 previous balance 9/7 Payment $300 cr. 9/13 Charge: Kohl’s $450 9/17 Payment $300 cr. 9/28 Charge: WalMart 105 Average daily balance $ Finance charge $ New balance $
Cody Lind’s most recent credit card statement follows. His finance charge is 15% APR. Calculate Cody’s...
Cody Lind’s most recent credit card statement follows. His finance charge is 15% APR. Calculate Cody’s average daily balance, finance charge and new balance. (Round your final answers to the nearest cent.) 30-day billing cycle 9/2 Billing date $1,240 previous balance 9/7 Payment $600 cr. 9/13 Charge: Kohl’s $600 9/17 Payment $450 cr. 9/28 Charge: WalMart 180 Average daily balance $ Finance charge $ New balance
Cody Lind’s most recent credit card statement follows. His finance charge is 18% APR. Calculate Cody’s...
Cody Lind’s most recent credit card statement follows. His finance charge is 18% APR. Calculate Cody’s average daily balance, finance charge and new balance. (Round your final answers to the nearest cent.) 30-day billing cycle 9/2 Billing date $1,130 previous balance 9/7 Payment $380 cr. 9/13 Charge: Kohl’s $390 9/17 Payment $340 cr. 9/28 Charge: WalMart 125 Find... 1. Average daily balance: $ 2. Finance charge: $ 3. New balance: $
Dallas Pierce's most recent credit card statement follows. His finance charge is 18% APR. Calculate Dallas's...
Dallas Pierce's most recent credit card statement follows. His finance charge is 18% APR. Calculate Dallas's average daily balance finance charge, and new balance. (Round your final answers to the nearest cent.) 9/2 9/7 9/13 9/17 9/28 30-day billing cycle Billing date $1,200 previous balance Payment $ 100 cr. Charge: kohl's $ 350 Payment $ 200 cm Charge: Walmart s se Answer is complete but not entirely correct. Average daily balance Finance charge New balance $ $ $ 1.248 33®...
CREDIT CARDS: If you have a credit card, you may use it to answer these questions....
CREDIT CARDS: If you have a credit card, you may use it to answer these questions. If you don't have a credit card or don't want to use your credit card, then use one you get in the mail or one from on-line. Find the following information: 1. What type of credit card is it? store (or airlines) card or bank card or other? 2. How is the finance charge (FC) calculated? 3. What is the APR for this credit...
use excel The typical American household owes approximately $15,000 in credit card debt. Assume you owe...
use
excel
The typical American household owes approximately $15,000 in credit card debt. Assume you owe this amount today and will not to put another charge on your credit card until this debt is paid off. Your credit card has an APR of 18% and minimum payments are calculated as 2% of outstanding balance or $15, whichever is greater. Using two (2) decimal places for dollar amounts, determine: a) How many years will it take to pay the entire amount...
if you are trying to build credit by using a credit
card eah time you make a purchase with the credit card deduct that
amount from your checking account that way when your credit card is
due you will have enough to pay the credit card off in full Kathy
lehner is going to start doing this.she plans on paying her credit
card bill in full this month.Hpw much does she owe with a 12% APR
and the following transactions...
Calculate the average daily balance and finance charge. (Round your answers to the nearest cent.) $ 1,000 30-day billing cycle Billing date Previous balance Payment Charge: Home Depot Payment 9/16 9/19 9/30 10/3 $ 50 CE 1,000 50 r. 10/7 Cash advance 60 . Finance charge is 1% on average daily balance. Average daily balance Finance charge If you are trying to build credit by using a credit card, each time you make a purchase with the credit card, deduct...
Dallas Pierce's most recent credit card statement follows. His finance charge is 18% APR. Calculate Dallas's average daily balance finance charge, and new balance. (Round your final answers to the nearest cent.) 9/2 9/7 9/13 9/17 9/28 30-day billing cycle Billing date $1,200 previous balance Payment $ 100 cr. Charge: kohl's $ 350 Payment $ 200 cm Charge: Walmart s se Answer is complete but not entirely correct. Average daily balance Finance charge New balance $ $ $ 1.248 33®...
CREDIT CARDS: If you have a credit card, you may use it to answer these questions. If you don't have a credit card or don't want to use your credit card, then use one you get in the mail or one from on-line. Find the following information: 1. What type of credit card is it? store (or airlines) card or bank card or other? 2. How is the finance charge (FC) calculated? 3. What is the APR for this credit...
use
excel
The typical American household owes approximately $15,000 in credit card debt. Assume you owe this amount today and will not to put another charge on your credit card until this debt is paid off. Your credit card has an APR of 18% and minimum payments are calculated as 2% of outstanding balance or $15, whichever is greater. Using two (2) decimal places for dollar amounts, determine: a) How many years will it take to pay the entire amount...
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